Sorry, in my reply I was referring to your ‘If the kids don’t pay taxes and there is no Government to get on their case, they’re fine.’ (THAT proposal, 47% NOT paying taxes and the slavery/moot re: 16th). I’m presuming yours was in jest.
Now, as to the debt. True A1S8, as well as the 14th (’...The validity of the public debt of the United States, authorized by law...’), but my content is the validity of the law (IE: SS, Medicare, OCare = Extra/Unconstitutional), as well as the 13th re: (economic) slavery.
I have a problem w/ conveying it sometimes myself. I do concur that the debt can never be paid off.
The main point I was trying to make in the Post was that we will not eliminate the debt. I remember this fellow from Arkansas who said repeatedly "we paid the debt down", and the consensus is that we had, I believe 3 budget surpluses during his tenure. Well the guy lived up to his reputation then, if one checks the Treasury's Bureau of the Public Debt, it will show that in no year between 1993 and 2000 did the debt decline or even remain the same it grew each year.
As far as "Budget Surpluses" go. If a Budget were passed this year committing to spend $20 Trillion and we only spent $19 Trillion, I suppose someone would say that is a Budget Surplus, but if the Government had to borrow $17 Trillion to spend that $19 Trillion that would make the "Budget Surplus" empty words.
As for as the 47% goes I would suggest a little semantic exercise... instead of "47% not paying taxes", try "47% not being taxed". There is small difference between the two assertions, but my first facetious "idea" computing how much each and every member of the "work force" pays would include those 47%ers.
Now as for as the "kids and grandkids" mantra is concerned, I already have grandkids paying taxes. Some Freepers are probably not being taxed. This begs the question; whose kids and grandkids are we speaking of? My grandkids' kids and grandkids?
We've been listening to all the hacks in the District of Corruption weeping and wailing about the "Debt Ceiling". That is so stupid and disingenuous that it makes me angry. The "Debt Ceiling" is set by the lenders not the borrowers... what if they gave a Treasury Auction and nobody came?
There was that short period of time that the Germans were burning huge quantities of currency in order to cook the small quantities of food they had.
In the long run we will face a modern day equivalent of that... How do you think we reached the debt ceiling months ago but continued to operate and did not "officially" pass the "ceiling"? Well Uncle Ben has been creating $85 Billion per month and put it into the banking system by buying their treasury debt and not counting it as new debt, thereby allowing the government to borrow more money without increasing the debt outstanding. They used to call that a "con", now they call it QE.
There is very little discussion about the tripling of the Fed's balance sheet, well that is all of the treasury debt they have sopped up with the QEs, the government will never pay the Fed.
We are going off a cliff, the only question is whether we will leave skid marks or not.
As Mark Steyn wrote recently "we are big enough to fail" you see no one is big enough to bail us out...